9.26.17 - Bistricer to Rockpoint: The new Starrett City deal is a far cry from what might have been
"Just 10 years ago, the largest federally subsidized housing development in the U.S. almost went market-rate."
"At the height of the boom in 2007, with the owners planning to exit the Mitchell-Lama program, David Bistricer made a whopping $1.3 billion bid for Starrett City, the hulking 5,881-unit complex that straddles Canarsie and East New York. But the deal faced intense opposition from government officials and the community, and federal regulators ultimately blocked it."